Top Stories by Bryan J. Lima
I'm sure there are many people asking the question, "Is now the right time to
buy?". Nobody really knows for sure. However, there are some facts that you
can look at to help evaluate whether or not now is the right time to buy. For
one, mortgage rates are currently close to the lowest they've been in almost
50 years. In addition, home prices are low and probably close to the bottom.
There may be a little more ways to go, but I think we're close. With the
Spring homebuying season upon us, we may see an increase in sellers in the
market, which will increase inventory and possible push home values even
lower. Read more
According to Federal Reserve Chairman Ben Bernanke, an economic recovery will
not begin until next year. Read more
Along with low home prices and low mortgage rates, there's also the
First-Time Homebuyer Tax Credit of up to $8,000. This is an additional
Over the past week mortgage rates have jumped drastically landing in the
upper 5% range. Believe it or not, we are not very far from the 6.00% mark on
a 30 year fixed mortgage. As of Thursday, the national average 30 year fixed
mortgage was at 5.65% and from what I saw today, it only went up from there.
If you're looking to refinance, you may want to hold off and see if mortgage
rates come back down. It's definitely a gamble and nobody really knows for
sure what's going to happen in the short or even long term. Read more
One thing is still certain; real estate continues t... (more)
The Oakland Fire Department will be shuttling Santa around this weekend.
According to Oakland Fire Chief Robert Knapp, "In addition to being a drop
off point for the Oakland Police Departments PBA Toy Drive we will also be a
drop off point for the Oakland Woman's Club Food Drive @ each stop. The toys
and food that we collect will be distributed to Oakland residents in need.
Your support for either cause would be greatly appreciated."
Below is the schedule of stops for this Saturday and Sunday. Keep in mind
these times are approximate.
Saturday, Dec. 22
10:40 a.m. Stone Fence Rd. ... (more)
Real Estate on Ulitzer
New Jersey's high cost of living makes it very difficult to purchase a home.
Bergen County, NJ is the highest among all markets in homeownership
affordability and also happens to be the most populous county in NJ.
The median home price in Bergen County is $481,250. According to a 2007
estimate by the US Census Bureau, the median income of a family is just shy
of $97,000. If you assume that not more than 28% of the household income
should be used for the mortgage payment, that would mean that it should not
be higher than $2,263 per month.
Based on today's m... (more)
Brand New Listing in beautiful Paddington Square located in Mahwah, NJ.
GREAT 1ST FLOOR ONE BEDROOM ONE BATH CONDO IN DESIRABLE PADDINGTON SQUARE.
NEWER WOOD FLOORS AND CERAMIC TILE IN ENTRY FOYER AND KITCHEN. LIVING ROOM
HAS SLIDING GLASS DOORS TO PATIO. NO STEPS. WASHER/DRYER IN UNIT. ASSIGNED
PARKING SPOT #420 IN FRONT OF UNIT. AMENITIES INCLUDE TONS OF CONVENIENT
PARKING, IN-GROUND POOL, PLAYGROUND AND CLUBHOUSE. PADDINGTON SQUARE IS
CONVENIENTLY LOCATED CLOSE TO NYC TRANSPORTATION, MAJOR HIGHWAYS & SHOPPING.
UNIT IS AWAY FROM STREET AND OFFERS QUIET LIVING. LOW TAXES ... (more)